Nissan Motor Co. Ltd. will shut five plants, trim its workforce by 21,000 employees and chop its supplier network in half under a $10 billion cost reduction program unveiled last week to revive the Japanese automaker whose operations by the end of 1998 amassed a massive $19.4 billion debt. The so-called Nissan Revival Plan was presented by Nissan Chief Operating Officer Carlos Ghosn, the former Renault SA executive vice president named Nissan COO after Renault took a controlling 37% ...

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